Journal Creation:

Step 1: Creating a company in Tally


Step 2:
A) U invested 10000/- cash into business
Creating Cash account with opening balance 10000.


Creating U's capital account with 10000.


B) A invested 10000/- cash into business
Creating A's Capital account


Transaction:


Step 3: Purchase furniture with 100/- cash
Creating furniture account


Transaction:


Balance Sheet:


Step 4: Paid telephone bill 10/- cash
Creating Telephone bill account


Transaction:


P&L A/C:


Balance Sheet:


Step 5: Deposit 200/- advance to room
Created room advance account


Transaction:


Step 6: Paid to advertisement to Just dial 100/-
Creating advertisement account


Transaction:


P&L A/C:


Balance Sheet:


Step 7: Deposited 10000/- in city bank
Creating city bank account


Transaction


Step 8: Paid Electricity bill 10/- through bank
Creating Electricity account


Transaction:


P&L A/C:


Balance Sheet:


Step 9: Bought 10 motherboards at 5/- each, paid through bank.
Creating motherboards account


Transaction:


Step 10: Provided service worth of 500/-
Creating service account


Transaction:


P&L A/C:


Balance Sheet:


Step 11: Provided service worth 200/- & 100 received
Creating rams account


Creating Payable account


Transaction:


P&L A/C:


Balance Sheet:


Step 12: Sold 2 motherboards with 10/- on cash
Creating Cost of goods sold or appreciation account


Creating income on motherboards or price of motherboards account


Transaction:


P&L A/C:


Balance Sheet:


Step 13: Sale of furniture at 80/- received cheque
Creating cheque account


Creating depreciation account


Transaction:


P&L A/C:


Balance Sheet:


Capital Account Summary:


Fixed Assets Summary: